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since the fall of 2021, but price increases are now spreading to the whole economy, with 'core' inflation at 5.3%. Since … Italy's industries heavily rely on gas as an energy source, many energy-intensive sectors experienced greater producer price ….6 percentage points. Inflationary pressures affect Italian households unevenly; price increases have a much higher impact on the …
Persistent link: https://www.econbiz.de/10013461016
not yet included more structural reforms to fight high inflation, like direct price controls, changes to the design of … food price sector might be required if the current energy supply crisis and the transformation to a low carbon economy …
Persistent link: https://www.econbiz.de/10013463960
not yet included more structural reforms to fight high inflation, like direct price controls, changes to the design of … food price sector might be required if the current energy supply crisis and the transformation to a low carbon economy …
Persistent link: https://www.econbiz.de/10013463962
To our knowledge, this paper is the first to discuss the response of European energy commodity prices to unexpected monetary policy surprises from the European Central Bank. Using the Rigobon (2003) identification through heteroscedasticity method, we find a significant and positive response...
Persistent link: https://www.econbiz.de/10011810457
To our knowledge, this paper is the first to discuss the response of European energy commodity prices to unexpected monetary policy surprises from the European Central Bank. Using the Rigobon (2003) identification through heteroscedasticity method, we find a significant and positive response...
Persistent link: https://www.econbiz.de/10014115109
results demonstrate that, during the last year, inflation in the Euro area is more affected from energy price shocks …
Persistent link: https://www.econbiz.de/10013488601
We develop a bottom-up model of inflation in the euro area based on a set of augmented Phillips curves for seven subcomponents of core inflation and auxiliary regressions for non-core items. We use the model’s disaggregated structure to explore which factors drove the deterioration in...
Persistent link: https://www.econbiz.de/10014264528
results demonstrate that, during the last year, inflation in the Euro area is more affected from energy price shocks …
Persistent link: https://www.econbiz.de/10014264861
Romania's economic growth is a target that can be achieved only within the accordance of all the economic sectors with the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps that Romania must rigorously follow in order to be able to...
Persistent link: https://www.econbiz.de/10011841832
-stabilization policies in response to energy price shocks. Simulation results show that, in the absence of stabilization policies, an … increase in fossil fuel price would lead to a sharp growth in price inflation and a severe contraction in real GDP, followed by …
Persistent link: https://www.econbiz.de/10013383241